Lake Grande, located at Jurong Lake Link in District 22, is a 99-year leasehold condominium developed by MCL Land (Vantage) Pte Ltd. It comprises four 17-storey towers with 710 residential units overlooking beautiful lake views.
During its launch in 2016, about 87% of the 500 released units were sold at an average price of $1,368 per sqft. This came as a surprise due to the lacklustre private residential market. What’s so attractive about this condominium?
4 Reasons Why Lake Grande Is an Ideal Home:
1. Specifications and Perks for Own Stay
| Project Name | Tenure | TOP | Unit Type (up to) | Size in sqft (up to) | Average Price PSF (up to) |
|---|---|---|---|---|---|
| Lake Grande | 99-year leasehold | 2020 | Studio 1-bedroom 2-bedroom 3-bedroom 4-bedroom 5-bedroom | 409 538 818 1,012 1,302 1,485 | $1,357 |
Lake Grande offers a range of units, from studio to five-bedroom units, that cater to any type of buyer. Each unit is decked with quality finishing and fittings, complete with top-of-the-line appliances and sanitary wares. You can experience a new level of smart eco-living with energy management, automated home air-conditioning system, real-time video surveillance, biometric door lock system, pneumatic waste collection system, share-a-bicycle facility, and more.
You’ll never have to complain about boredom as there are five themed activity areas for you and your family to choose from. Dive into the Family Fun Zone, which features several pools and water bodies for both children and adults. Don’t forget to put on sunscreen as you head down to The Aquarium, where you can find a lap pool, sun decks, numerous lounges, and a clubhouse.
The Wellness Bay, perfect for any fitness enthusiast, has an aqua gym, indoor gym, exercise studio, cardio fitness park, and more. Bond over scrumptious meals at the Forest Dining Area’s the Italian cut bar, teppanyaki outdoor dining, al fresco cookout, and dining lawn. Chill out after dinner at the Rest Haven on the second storey of each tower. There’s also a wi-fi pavilion, fireflies trail, and outdoor lounging deck for residents.
2. Accessibility, Amenities, and Recreational Spots
You can reach Lakeside MRT Station, on the East West Line (EWL), within five minutes by foot. Both vehicle owners and public transport users have easy accessibility to the rest of the city. Major expressways such as Pan Island Expressway (PIE) and Ayer Rajah Expressway (AYE) can take you to the Central Business District (CBD) in less than 35 minutes.
Being two stops away from Jurong East MRT Station means you can enjoy many food and retail outlets at Jurong’s shopping district, with malls like Big Box, Boon Lay Shopping Centre, Hong Kah Point, JCube, JEM, Jurong Point Shopping Centre, Taman Jurong Shopping Centre, and Westgate. Or, you can spend the day outdoors and soak in some vitamin D at Jurong Lake Gardens.
3. Education, Employment, and Healthcare
Educational institutions such as the Fuhua Secondary School (292m), Canadian International School (320m), and Shuqun Primary School (356m) all fall within a 500m radius of the property. Other nearby institutions which require short drives include Jurong Junior College, River Valley High School, Rulang Primary School, and Nanyang Technological University.
Dubbed as Singapore’s second CBD and new Science Centre, there will be three new employment areas – Jurong Lake District (JLD), Jurong Innovation District (JID) and Tuas Port. JLD and JID will test-bed new urban solutions and infrastructure to create more pleasant working and living environments for all.
Medical facilities are within easy access, Jurong West including the 700-bed Ng Teng Fong General Hospital and a 400-bed Jurong Community Hospital.
4. Future Developments
Exciting new projects are in the pipeline, including the construction of the Kuala Lumpur-Singapore High-Speed Rail (HSR). The massive expansion plans for the West Region provides employment opportunities and will help increase the value of your property.
We can foresee the price rising over the years, thanks to upcoming developments like new amenities, healthcare institution, improved connectivity, industrial hubs, and recreational facilities. Living at Lake Grande would mean being in close proximity not only to regional business hubs, but also places for leisure for the whole family.
Are you impressed with Lake Grande and the future developments that come along with it? Talk to our real estate consultants and get VIP agent service. Call 6886 9009 now!
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Buyer’s Stamp Duty for Lake Grande
Buyer’s Stamp Duty (BSD) is tax paid on documents signed when you buy or acquire property located in Singapore.
If you’re opting to buy a three-bedroom unit at Lake Grande the price is at $1,130,000 which is reflective of the market value, your Buyer’s Stamp Duty (BSD) is $29,800.
| Market Value of the Property | BSD Rate | Calculation |
|---|---|---|
| On the first $180k | 1% | $1,800 |
| On the second $180k | 2% | $3,600 |
| Next $640,000 | 3% | $19,200 |
| Remaining $130,000 | 4% | $5,200 |
| BSD Payable | $29,800 | |
Source: IRAS
Looking at another unit size? Use Ohmyhome’s In-app BSD calculator for faster calculation! Download Ohmyhome from the Play Store or App Store now!
Additional Buyer’s Stamp Duty for Lake Grande
Liable property buyers in Singapore are required to pay Additional Buyer’s Stamp Duty (ABSD) on top of the existing BSD. ABSD and BSD are computed on the purchase price as stated in the dutiable document or the market value of the property (whichever is the higher amount).
Who is liable to pay ABSD:
- Singapore Citizen (SC) buying second, third and subsequent residential property
- Singapore Permanent Resident (SPR) buying first, second and subsequent residential property
- Foreigners or entities buying any residential property
ABSD for Singapore Citizens when Buying Lake Grande
Here’s the ABSD amount you are required to pay if you are an SC:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,130,000 |
|---|---|---|
| If Lake Grande is your second residential property | 12% | $162,000 |
| If Lake Grande is your third or subsequent residential property | 15% | $169,500 |
ABSD for Singapore Permanent Resident when Buying Lake Grande
Here’s the ABSD amount you are required to pay if you are an SPR:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,130,000 |
|---|---|---|
| If Lake Grande is your first property | 5% | $56,500 |
| If Lake Grande is your second or subsequent residential property | 15% | $169,500 |
ABSD for Foreigners when Buying Lake Grande
Here’s the ABSD amount you are required to pay if you are a foreigner:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,130,000 |
|---|---|---|
| Foreigners buying any property | 20% | $226,000 |
VIP Service for Buyers at $0 Agent Fees
Our real estate consultants will provide you insights about this new project and assist you with everything you need to know from BSD, ABSD, exercising the OTP to sealing the deal.
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